Part B (8 Marks) Emerald Pty Ltd an Australian wine company based in South Australia entered a contractual arrangement with Demzat Ltd, a British company. Demzat Ltd is a robotic manufacturer and they are to build a specialized bottle filler that is capable of filling 2,500 wine of 750 ml bottles per minute. The relevant events and the spot rates at each date are shown as follows: Date Event Spot rate 15 November 2020 Emerald Pty Ltd ordered bottle filler 300 000 A$1.00 = 37p 11 June 2021 30 June 2021 Purchase takes place as bottle filler is shipped A$1.00 = 41p to Emerald Pty Ltd (FOB) End of financial year A$1.00 = 43p Installed and ready for use A$1.00 = 42p 15 July 2021 11 August 2021 Payment of 300 000 to Demzat Ltd is made A$1.00 = 39p Required: Prepare appropriate journal entries for each relevant event. Part B (8 Marks) Emerald Pty Ltd an Australian wine company based in South Australia entered a contractual arrangement with Demzat Ltd, a British company. Demzat Ltd is a robotic manufacturer and they are to build a specialized bottle filler that is capable of filling 2,500 wine of 750 ml bottles per minute. The relevant events and the spot rates at each date are shown as follows: Date Event Spot rate 15 November 2020 Emerald Pty Ltd ordered bottle filler 300 000 A$1.00 = 37p 11 June 2021 30 June 2021 Purchase takes place as bottle filler is shipped A$1.00 = 41p to Emerald Pty Ltd (FOB) End of financial year A$1.00 = 43p Installed and ready for use A$1.00 = 42p 15 July 2021 11 August 2021 Payment of 300 000 to Demzat Ltd is made A$1.00 = 39p Required: Prepare appropriate journal entries for each relevant event